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For SaleLuxury

$6,850,000

11,216 sqft$611/sqft83 days on market

709 S Kingsley Drive

Los Angeles, CA 90005

· 8% down, 7% APR, 30yr fixed

21

Beds

21

Baths

11,216

Square feet

1989

Built

Listing narrative

Description

New Star Realty is pleased to present an exclusive multifamily investment opportunity at 709 S Kingsley Drive, a highly desirable 15-unit asset strategically located in the heart of Central Los Angeles. This exceptionally maintained building features premium tenant amenities, including a passenger elevator and secure subterranean parking. Since acquiring the asset in 2018, the current ownership has executed substantial building-wide capital improvements and extensive interior remodels across the units. Operational efficiency is optimized as 14 of the 15 units have been upgraded to modern central heating and air conditioning, each apartment is individually metered, and the property requires no on-site manager. This turnkey offering delivers immediate, low-overhead stability alongside clear, proven upside to further maximize rental income in a high-demand rental market.

Listing agent (MLS): Kyong Starrett · Listing brokerage (MLS): New Star Realty

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$6,850,000

Beds

21 bd

Type

House

Home Size

11,216 sqft

Baths

21

Lot Size

0.16 acres

Year

1989

Status

For Sale

Days on Market

83

$ / Sqft

$611

· 8% down, 7% APR, 30yr fixed
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Courtesy of New Star Realty